Lombard Odier Team Returns To London

By Lauren Mills

Here’s a bit of fun, picked up from our colleagues at Financial News.

A Swiss private bank is planning to relocate its entire credit team in London, five years after pulling them out of the UK capital.

Lombard Odier, a private bank since 1796, said it is relocating to take advantage of London’s talent pool. It has hired Kevin Corrigan, a former bond manager at Goldman Sachs’ asset management arm to lead the team.

What’s amusing is that Corrigan is the first credit manager at Lombard Odier to be based in London since 2005–when the company shut down its London institutional asset management operation.

Perhaps it harbors regrets at its decision, for it now wants to tap into London’s potential, to bring “greater diversity and contact with the market”.

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